First Foundation Inc. Stock Forecast
Strong day for First Foundation Inc. stock price on Friday rising 6.02% to $5.81
(Updated on May 03, 2024)
The First Foundation Inc. stock price gained 6.02% on the last trading day (Friday, 3rd May 2024), rising from $5.48 to $5.81. During the last trading day the stock fluctuated 3.81% from a day low at $5.65 to a day high of $5.87. The price has been going up and down for this period, and there has been a -14.05% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 396 thousand more shares were traded than the day before. In total, 849 thousand shares were bought and sold for approximately $4.93 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -24.39% during the next 3 months and, with a 90% probability hold a price between $4.07 and $5.21 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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FFWM Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 6.41%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The First Foundation Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $5.85 and $6.79. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for First Foundation Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $5.48 and $5.46. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $5.46 may give a huge drop in the stock price.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.215 between high and low, or 3.81%. For the last week, the stock has had daily average volatility of 6.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FFWM) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect First Foundation Inc. to open at $5.78, and during the day (based on 14 day Average True Range), to move between $5.43 and $6.19, which gives a possible trading interval of +/-$0.380 (+/-6.54%) up or down from last closing price. If First Foundation Inc. takes out the full calculated possible swing range there will be an estimated 13.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.97 (2.75%) than the support at $5.48 (5.68%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is First Foundation Inc. stock A Buy?
First Foundation Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.077 Sell Candidate Upgraded
Predicted Opening Price for First Foundation Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $5.78 ( 0.602%) | $5.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FFWM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.99 | 3.10 % | |
| R2 | 5.91 | 1.68 % | ||
| R1 | 5.86 | 0.81 % | ||
| Current price: | 5.81 | |||
| Support | S1 | 5.69 | -2.02 % | |
| S2 | 5.64 | -2.89 % | ||
| S3 | 5.56 | -4.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.90 | 18.76 % | |
| R2 | 6.84 | 17.73 % | ||
| R1 | 5.97 | 2.75 % | ||
| Current price | 5.81 | |||
| Support | S1 | 5.48 | -5.68% | |
| S2 | 5.46 | -6.02% | ||
| S3 | 0 | . |
FFWM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | May 03, 2024 | May 16, 2024 | $0.0100 | 0.172% |
| 2 | Jan 25, 2024 | Feb 02, 2024 | Feb 15, 2024 | $0.0100 | 0.122% |
| 3 | Oct 26, 2023 | Nov 03, 2023 | Nov 16, 2023 | $0.0100 | 0.171% |
| 4 | Jul 25, 2023 | Aug 04, 2023 | Aug 17, 2023 | $0.0200 | 0.270% |
| 5 | Aug 04, 2023 | May 05, 2023 | May 19, 2023 | $0.0200 | 0.503% |
FAQ
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